Omnicom Group (NYSE:OMC) Announces Quarterly Earnings Results

Omnicom Group (NYSE:OMC) posted its quarterly earnings results on Tuesday. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03, RTT News reports. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same period last year, the business earned $2.20 earnings per share.

Omnicom Group Stock Performance

OMC traded down $0.69 during trading on Tuesday, hitting $87.07. The stock had a trading volume of 2,674,057 shares, compared to its average volume of 2,296,596. The firm has a market cap of $17.11 billion, a PE ratio of 11.90, a P/E/G ratio of 1.89 and a beta of 0.97. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group has a 12 month low of $81.42 and a 12 month high of $107.00. The company has a 50 day simple moving average of $90.02 and a 200-day simple moving average of $96.20.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, December 20th. Omnicom Group’s dividend payout ratio is currently 38.25%.

Wall Street Analyst Weigh In

Several research firms have recently commented on OMC. Macquarie restated an “outperform” rating and set a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays cut their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company lowered their price target on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. JPMorgan Chase & Co. cut their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, UBS Group boosted their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.25.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.